HF Sinclair (NYSE:DINO) Reaches New 52-Week High - What's Next?

Key Points

• HF Sinclair shares reached a new 52-week high of $117.70, with the stock last trading near $117.72 and a market capitalization of approximately $20.5 billion.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $94.25, although individual targets range as high as $140.
• The company exceeded quarterly earnings expectations, reporting $5.31 in EPS and $10.39 billion in revenue, while increasing its quarterly dividend to $0.525 per share.

Shares of HF Sinclair Corporation (NYSE:DINO - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $117.70 and last traded at $117.72, with a volume of 5638915 shares trading hands. The stock had previously closed at $115.90.

Analysts Set New Price Targets

DINO has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of HF Sinclair from $67.00 to $93.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 1st. Raymond James Financial upped their price target on shares of HF Sinclair from $105.00 to $140.00 and gave the company a "strong-buy" rating in a report on Monday, September 14th. Freedom Capital cut shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Morgan Stanley raised their price target on shares of HF Sinclair from $78.00 to $127.00 and gave the stock an "overweight" rating in a report on Monday, September 14th. Finally, UBS Group boosted their price objective on shares of HF Sinclair from $105.00 to $126.00 and gave the company a "buy" rating in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.25.

HF Sinclair Price Performance

The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The firm's 50-day moving average is $95.63 and its 200-day moving average is $75.96. The company has a market cap of $20.51 billion, a PE ratio of 11.04 and a beta of 0.71.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping analysts' consensus estimates of $4.49 by $0.82. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business's revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. On average, equities analysts anticipate that HF Sinclair Corporation will post 17.51 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.8%. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 11th. HF Sinclair's dividend payout ratio is currently 20.04%.

Insider Buying and Selling

In other news, SVP Dale Kunneman sold 8,936 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DINO. Core Capital Management & Research inc. purchased a new stake in HF Sinclair in the second quarter worth about $67,000. Sequoia Financial Advisors LLC increased its position in HF Sinclair by 67.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,553 shares of the company's stock valued at $1,014,000 after buying an additional 5,863 shares in the last quarter. WINTON GROUP Ltd purchased a new position in HF Sinclair during the second quarter valued at $397,000. RFG Advisory LLC bought a new stake in HF Sinclair in the second quarter worth $1,281,000. Finally, NewEdge Advisors LLC increased its holdings in shares of HF Sinclair by 58.5% during the second quarter. NewEdge Advisors LLC now owns 10,147 shares of the company's stock valued at $707,000 after acquiring an additional 3,745 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.

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